The Catholic Health Association lost $1.9 million on $15.2 million in net revenue for its fiscal 2002 ended June 30 -- its second consecutive annual loss -- because of the declining value of its investment portfolio. Membership dues, however, increased 14% to about $15.4 million, according to the CHA's latest annual filing with the Internal Revenue Service. Dues are based on members' overall operating expenses. The association's total expenses also increased, by 8% to $17.2 million. In fiscal 2001, the CHA lost $656,559 on revenue of $15.2 million. -- Patrick Reilly
CHA chalks up loss as investment values slump
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.